By FXEmpire.com
Gold markets rose again on Friday as the move we mentioned to the $1,620 – $1,640 level continues. The bounce looks healthy, and we are long until we get to that area. It is there that we expect to see weakness reenter the market, and as a result will take profit in the region. The longer-term charts now look very bearish, so we are going to be quick to take profit in general. A break of the $1,500 level has us massively bearish and aggressively selling this market.
Click here a current Gold Chart.
Originally posted here
